Chameleons change their color to blend in. The Great Wall can be seen from space. Productivity growth comes from thousands of firms adopting the latest technologies and processes. All sound ...
Productivity growth allows companies to pull in more profits, which can allow them to raise wages. But recently, wage growth has slowed — even as productivity has stayed strong.
The U.S. experienced its first decline in productivity in nearly three years during the first quarter, turning what was once a growth engine into another potential drag on U.S. economic growth.
Explanations these days for this chart (below) typically revolve around persistent inflation pressures, a continued strong labor market, and expectations of ever-more government borrowing. Less ...
I have always been attracted to technology because it enables me to get more done with the same number of work hours. That’s essentially what productivity growth offers an economy. When productivity ...
Productivity growth is the key mechanism that allows the U.S. economy to expand above its long-run trend without reigniting inflation. Recent data show U.S. nonfarm business productivity rising 4.9% ...
Europe and Central Asia must seize the opportunity for more productivity-driven growth. By advancing Trade, Investment, Digitalization, Efficiency, and Skills—the TIDES reform agenda—the region can ...
Nonfarm labor productivity fell by 1.5% Q/Q in Q1, weaker than the initial estimate of -0.8% and Q4 2024's -1.7%, according to data released by the U.S. Bureau of Labor Statistics on Thursday. The ...
Strengthening innovation could help boost productivity growth by 40 percent, equal to adding the output of the country’s ...
The United States has become better known for inventing things than making them. That goes for everything from Apple’s iPhones to Levi’s jeans. Low-cost foreign labor is an obvious reason factories ...
Farmers in many regions are already experiencing longer dry spells, unseasonable heatwaves and erratic weather due to climate change - Copyright AFP/File STR Farmers ...